HH Prince Alwaleed bin Talal Al Saud | Gulf Business
  • العربية

10. HH Prince Alwaleed bin Talal Al Saud

Chairman, Kingdom Holding Company

Origin: Saudi Arabia

Residence: Saudi Arabia

Sector: Finance

2024 Rank: 10

Prince Alwaleed bin Talal Al Saud, a global business magnate, continues to shape industries through Kingdom Holding Company (KHC), the investment powerhouse he founded in 1980. Prince Alwaleed remains one of Saudi Arabia’s wealthiest individuals, often dubbed the “Warren Buffett of Arabia”.

Under his leadership, Kingdom Holding maintains a diversified portfolio spanning technology, real estate, hospitality, media, and finance. His investments include stakes in renowned companies such as Apple, Citigroup, and hospitality giants like Four Seasons and Fairmont. In 2024, KHC reported a net profit of SAR1.23bn, marking a 22.08 per cent year-on-year increase, despite an 11.57 per cent revenue decline to SAR2.39bn.

A key highlight of Alwaleed’s real estate ventures is the Jeddah Tower, set to be the world’s tallest building, reinforcing his commitment to innovation and Saudi Arabia’s Vision 2030.

His focus on urban infrastructure and hospitality aligns with the kingdom’s ambition to become a premier global tourism destination. Prince Alwaleed is also a philanthropist. Through Alwaleed Philanthropies, he has donated over $4bn to various causes.

 

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